{smcl}
{txt}{sf}{ul off}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\Wmat_SCB_overlap_0102\spatial_6_regs_s_0102_overlap.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}15 Feb 2023, 13:26:10
{txt}
{com}.  
. 
.                         ***************************
.                         * run regression: OLS, fe *
.                         ***************************             
. *cd "C:\Users\hy65byfe\Desktop\smerge_0712\SCB_4950"                    
. use spatial_regs_s_monthly_0102_overlap, replace  
{txt}
{com}.                         
.                         *** Outcome #1 : sales 
.                         
. *preserve
. *spmatrix dir 
. keep if year == 2014 // no changes. otherwise matrices are wrong in previous.   
{txt}(0 observations deleted)

{com}.         
.         
.                         ***************************
.                         ***** Single Matrix *****
.                         ***************************     
.                 
. 
. ** log and ihs transformations to the untransformed data **
. 
.                 *** outcomes and polar cases (no q indexing needed, only double loop)
. foreach varx of varlist csd L3_sd               ccd L3_cd     {c -(}
{txt}  2{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  3{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  4{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  5{com}.  {c )-}
{txt}(1 missing value generated)

{com}.  
.  
.                 *** spatial variables *** 
. forvalues q = 1(1)8 {c -(} 
{txt}  2{com}.         foreach varx of varlist         S`q'_L3_sd C`q'_L3_sd B`q'_L3_sd S`q'_L3_cd C`q'_L3_cd B`q'_L3_cd       {c -(}
{txt}  3{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  4{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  5{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  6{com}.         {c )-}
{txt}  7{com}. {c )-}
{txt}
{com}. 
. 
. 
.                         **********************************************
.                         *****                   Regressions                      *****
.                         **********************************************
. 
.                         
. ***************** Baseline Vertical Regression ****************************
. 
. 
.     ** Results for log transformed data **
.         
.         local q = 6
{txt}
{com}.         
.         quietly {c -(}
{txt}
{com}. 
.         estimates table *V*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_V_S6} {space 1} {center 12:log_V_C6} {space 1} {center 12:log_V_B6} {space 1} {center 12:ihs_V_S6} {space 1} {center 12:ihs_V_C6} {space 1} {center 12:ihs_V_B6} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3026}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2919}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:0.1220}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1885}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.2911}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2817}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1061}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1807}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3941}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4469}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4854}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5195}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8903}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8895}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8850}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8884}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8839}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8877}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:12.0674}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.2960}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6238}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.3594}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 104:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. ******************** Adding Second Matrix **********************************
. 
.                 
.                 ******************
.                 *** Fan (S) ******
.                 ******************
. 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_S`q'_L3_sd  log_S6_L3_sd                            if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_S`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.09
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8890
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8871
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1935
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7026

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2851343{col 26}{space 2}  .075334{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .1337449{col 67}{space 3} .4365236
{txt}log_S1_L3_sd {c |}{col 14}{res}{space 2} .1667128{col 26}{space 2}  .071585{col 37}{space 1}    2.33{col 46}{space 3}0.024{col 54}{space 4} .0228574{col 67}{space 3} .3105682
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2}  .138818{col 26}{space 2} .0443889{col 37}{space 1}    3.13{col 46}{space 3}0.003{col 54}{space 4} .0496152{col 67}{space 3} .2280209
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.7598187{col 26}{space 2} .5501824{col 37}{space 1}   -1.38{col 46}{space 3}0.174{col 54}{space 4}-1.865452{col 67}{space 3} .3458143
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     13.09
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8872
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8853
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1802
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7083

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3016107{col 26}{space 2}  .076697{col 37}{space 1}    3.93{col 46}{space 3}0.000{col 54}{space 4} .1474822{col 67}{space 3} .4557392
{txt}log_S2_L3_sd {c |}{col 14}{res}{space 2} .0334647{col 26}{space 2} .0422223{col 37}{space 1}    0.79{col 46}{space 3}0.432{col 54}{space 4}-.0513842{col 67}{space 3} .1183135
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .1228223{col 26}{space 2} .0423356{col 37}{space 1}    2.90{col 46}{space 3}0.006{col 54}{space 4} .0377458{col 67}{space 3} .2078989
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3095363{col 26}{space 2} .1168806{col 37}{space 1}    2.65{col 46}{space 3}0.011{col 54}{space 4} .0746559{col 67}{space 3} .5444166
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     19.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8850
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1783
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7092

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3029976{col 26}{space 2} .0748484{col 37}{space 1}    4.05{col 46}{space 3}0.000{col 54}{space 4} .1525841{col 67}{space 3} .4534111
{txt}log_S3_L3_sd {c |}{col 14}{res}{space 2}-.0127824{col 26}{space 2}  .033233{col 37}{space 1}   -0.38{col 46}{space 3}0.702{col 54}{space 4}-.0795666{col 67}{space 3} .0540017
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2}  .122047{col 26}{space 2} .0428787{col 37}{space 1}    2.85{col 46}{space 3}0.006{col 54}{space 4} .0358789{col 67}{space 3}  .208215
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4117283{col 26}{space 2} .1338433{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4}   .14276{col 67}{space 3} .6806966
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      9.28
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8883
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8864
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1886
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7047

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2997078{col 26}{space 2} .0769593{col 37}{space 1}    3.89{col 46}{space 3}0.000{col 54}{space 4} .1450522{col 67}{space 3} .4543634
{txt}log_S4_L3_sd {c |}{col 14}{res}{space 2}  .079436{col 26}{space 2} .0508704{col 37}{space 1}    1.56{col 46}{space 3}0.125{col 54}{space 4} -.022792{col 67}{space 3}  .181664
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .1176577{col 26}{space 2} .0414971{col 37}{space 1}    2.84{col 46}{space 3}0.007{col 54}{space 4} .0342662{col 67}{space 3} .2010492
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3200959{col 26}{space 2} .1139202{col 37}{space 1}    2.81{col 46}{space 3}0.007{col 54}{space 4} .0911646{col 67}{space 3} .5490271
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      9.48
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1787
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7090

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3036661{col 26}{space 2} .0736638{col 37}{space 1}    4.12{col 46}{space 3}0.000{col 54}{space 4} .1556333{col 67}{space 3}  .451699
{txt}log_S5_L3_sd {c |}{col 14}{res}{space 2}-.0249953{col 26}{space 2} .0650866{col 37}{space 1}   -0.38{col 46}{space 3}0.703{col 54}{space 4}-.1557917{col 67}{space 3} .1058011
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2}  .123628{col 26}{space 2} .0443964{col 37}{space 1}    2.78{col 46}{space 3}0.008{col 54}{space 4}   .03441{col 67}{space 3}  .212846
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4096621{col 26}{space 2} .1116747{col 37}{space 1}    3.67{col 46}{space 3}0.001{col 54}{space 4} .1852433{col 67}{space 3} .6340809
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: log_S6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.07
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8850
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1780
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7092

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3026285{col 26}{space 2} .0755488{col 37}{space 1}    4.01{col 46}{space 3}0.000{col 54}{space 4} .1508075{col 67}{space 3} .4544495
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .1219808{col 26}{space 2} .0428247{col 37}{space 1}    2.85{col 46}{space 3}0.006{col 54}{space 4} .0359215{col 67}{space 3} .2080402
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .3941071{col 26}{space 2} .1016966{col 37}{space 1}    3.88{col 46}{space 3}0.000{col 54}{space 4} .1897402{col 67}{space 3} .5984741
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     11.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8885
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8866
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1900
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7041

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2995522{col 26}{space 2} .0737946{col 37}{space 1}    4.06{col 46}{space 3}0.000{col 54}{space 4} .1512565{col 67}{space 3}  .447848
{txt}log_S7_L3_sd {c |}{col 14}{res}{space 2} .0879379{col 26}{space 2} .0453574{col 37}{space 1}    1.94{col 46}{space 3}0.058{col 54}{space 4}-.0032111{col 67}{space 3} .1790869
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .1133937{col 26}{space 2}  .042111{col 37}{space 1}    2.69{col 46}{space 3}0.010{col 54}{space 4} .0287684{col 67}{space 3}  .198019
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2786591{col 26}{space 2} .1227445{col 37}{space 1}    2.27{col 46}{space 3}0.028{col 54}{space 4} .0319948{col 67}{space 3} .5253233
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.25
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8900
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8881
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2008
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6994

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2813094{col 26}{space 2} .0713655{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1378951{col 67}{space 3} .4247237
{txt}log_S8_L3_sd {c |}{col 14}{res}{space 2} .1868767{col 26}{space 2} .0717013{col 37}{space 1}    2.61{col 46}{space 3}0.012{col 54}{space 4} .0427874{col 67}{space 3} .3309659
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .0931891{col 26}{space 2} .0361411{col 37}{space 1}    2.58{col 46}{space 3}0.013{col 54}{space 4} .0205608{col 67}{space 3} .1658174
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.0100188{col 26}{space 2} .2349102{col 37}{space 1}   -0.04{col 46}{space 3}0.966{col 54}{space 4}-.4820885{col 67}{space 3} .4620509
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_S`q'_L3_sd  ihs_S6_L3_sd                            if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_S`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.32
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8877
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8858
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1696
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7855

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2744323{col 26}{space 2} .0758299{col 37}{space 1}    3.62{col 46}{space 3}0.001{col 54}{space 4} .1220464{col 67}{space 3} .4268182
{txt}ihs_S1_L3_sd {c |}{col 14}{res}{space 2} .1661437{col 26}{space 2} .0724572{col 37}{space 1}    2.29{col 46}{space 3}0.026{col 54}{space 4} .0205355{col 67}{space 3}  .311752
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .1213499{col 26}{space 2} .0404139{col 37}{space 1}    3.00{col 46}{space 3}0.004{col 54}{space 4} .0401352{col 67}{space 3} .2025646
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.7682999{col 26}{space 2} .6024329{col 37}{space 1}   -1.28{col 46}{space 3}0.208{col 54}{space 4}-1.978934{col 67}{space 3} .4423343
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     11.08
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8840
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1564
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7917

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2905581{col 26}{space 2} .0767503{col 37}{space 1}    3.79{col 46}{space 3}0.000{col 54}{space 4} .1363226{col 67}{space 3} .4447937
{txt}ihs_S2_L3_sd {c |}{col 14}{res}{space 2} .0256894{col 26}{space 2} .0412114{col 37}{space 1}    0.62{col 46}{space 3}0.536{col 54}{space 4} -.057128{col 67}{space 3} .1085069
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .1073052{col 26}{space 2} .0385333{col 37}{space 1}    2.78{col 46}{space 3}0.008{col 54}{space 4} .0298695{col 67}{space 3} .1847408
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .409119{col 26}{space 2} .1283103{col 37}{space 1}    3.19{col 46}{space 3}0.002{col 54}{space 4} .1512699{col 67}{space 3} .6669681
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     15.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8839
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1553
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7923

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2913616{col 26}{space 2}  .075381{col 37}{space 1}    3.87{col 46}{space 3}0.000{col 54}{space 4} .1398779{col 67}{space 3} .4428454
{txt}ihs_S3_L3_sd {c |}{col 14}{res}{space 2}-.0087877{col 26}{space 2} .0319049{col 37}{space 1}   -0.28{col 46}{space 3}0.784{col 54}{space 4}-.0729031{col 67}{space 3} .0553276
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .1061015{col 26}{space 2} .0391004{col 37}{space 1}    2.71{col 46}{space 3}0.009{col 54}{space 4} .0275263{col 67}{space 3} .1846767
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .499693{col 26}{space 2} .1491207{col 37}{space 1}    3.35{col 46}{space 3}0.002{col 54}{space 4} .2000238{col 67}{space 3} .7993623
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.83
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8849
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1630
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7886

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2889346{col 26}{space 2} .0769093{col 37}{space 1}    3.76{col 46}{space 3}0.000{col 54}{space 4} .1343797{col 67}{space 3} .4434896
{txt}ihs_S4_L3_sd {c |}{col 14}{res}{space 2}  .067507{col 26}{space 2} .0466463{col 37}{space 1}    1.45{col 46}{space 3}0.154{col 54}{space 4}-.0262321{col 67}{space 3} .1612462
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2}  .103042{col 26}{space 2} .0379963{col 37}{space 1}    2.71{col 46}{space 3}0.009{col 54}{space 4} .0266856{col 67}{space 3} .1793985
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4099544{col 26}{space 2} .1256228{col 37}{space 1}    3.26{col 46}{space 3}0.002{col 54}{space 4} .1575061{col 67}{space 3} .6624028
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      9.29
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8840
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1559
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7920

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2919916{col 26}{space 2} .0742048{col 37}{space 1}    3.93{col 46}{space 3}0.000{col 54}{space 4} .1428715{col 67}{space 3} .4411117
{txt}ihs_S5_L3_sd {c |}{col 14}{res}{space 2}-.0246881{col 26}{space 2} .0628093{col 37}{space 1}   -0.39{col 46}{space 3}0.696{col 54}{space 4} -.150908{col 67}{space 3} .1015319
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .1075977{col 26}{space 2} .0402456{col 37}{space 1}    2.67{col 46}{space 3}0.010{col 54}{space 4} .0267211{col 67}{space 3} .1884742
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5039865{col 26}{space 2}  .127835{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .2470925{col 67}{space 3} .7608806
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: ihs_S6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8839
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1551
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7923

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .291106{col 26}{space 2} .0760164{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .1383452{col 67}{space 3} .4438667
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2}   .10614{col 26}{space 2} .0390176{col 37}{space 1}    2.72{col 46}{space 3}0.009{col 54}{space 4} .0277313{col 67}{space 3} .1845488
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .4853658{col 26}{space 2} .1116269{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4}  .261043{col 67}{space 3} .7096885
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8855
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1668
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7869

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2885697{col 26}{space 2} .0741294{col 37}{space 1}    3.89{col 46}{space 3}0.000{col 54}{space 4} .1396011{col 67}{space 3} .4375383
{txt}ihs_S7_L3_sd {c |}{col 14}{res}{space 2} .0856883{col 26}{space 2} .0434769{col 37}{space 1}    1.97{col 46}{space 3}0.054{col 54}{space 4}-.0016818{col 67}{space 3} .1730585
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .0980506{col 26}{space 2} .0386069{col 37}{space 1}    2.54{col 46}{space 3}0.014{col 54}{space 4} .0204671{col 67}{space 3} .1756341
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3537445{col 26}{space 2} .1292386{col 37}{space 1}    2.74{col 46}{space 3}0.009{col 54}{space 4} .0940299{col 67}{space 3} .6134592
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8885
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8867
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1755
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7827

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2728482{col 26}{space 2} .0722374{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .1276817{col 67}{space 3} .4180148
{txt}ihs_S8_L3_sd {c |}{col 14}{res}{space 2} .1795002{col 26}{space 2} .0700568{col 37}{space 1}    2.56{col 46}{space 3}0.014{col 54}{space 4} .0387159{col 67}{space 3} .3202845
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .0837904{col 26}{space 2} .0338622{col 37}{space 1}    2.47{col 46}{space 3}0.017{col 54}{space 4} .0157418{col 67}{space 3} .1518391
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .0453812{col 26}{space 2} .2568855{col 37}{space 1}    0.18{col 46}{space 3}0.861{col 54}{space 4}-.4708494{col 67}{space 3} .5616119
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_S* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_S1} {space 1} {center 12:log_fe2_S2} {space 1} {center 12:log_fe2_S3} {space 1} {center 12:log_fe2_S4} {space 1} {center 12:log_fe2_S5} {space 1} {center 12:log_fe2_S6} {space 1} {center 12:log_fe2_S7} {space 1} {center 12:log_fe2_S8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2851}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3016}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3030}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2997}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3037}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3026}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2996}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2813}{lalign 3:***}{txt} {space 1}
{res}{txt}log_S1_L3_sd {c |}{res} {ralign 9:0.1667}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:0.1388}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1228}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1220}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1177}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1236}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1220}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1134}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.0932}{lalign 3:**}{txt} {space 1}
{res}{txt}log_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0335}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0128}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0794}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0250}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0879}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1869}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:-0.7598}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.3095}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.4117}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3201}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4097}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3941}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2787}{lalign 3:**}{txt} {space 1}{res} {ralign 9:-0.0100}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8890}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8872}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8883}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8885}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8900}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8871}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8853}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8850}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8851}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8850}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8866}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8881}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:8.0863}{lalign 3:}{txt} {space 1}{res} {ralign 9:13.0933}{lalign 3:}{txt} {space 1}{res} {ralign 9:19.5078}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.2772}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.4825}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.0674}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.6299}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.2457}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_S* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_S1} {space 1} {center 12:ihs_fe2_S2} {space 1} {center 12:ihs_fe2_S3} {space 1} {center 12:ihs_fe2_S4} {space 1} {center 12:ihs_fe2_S5} {space 1} {center 12:ihs_fe2_S6} {space 1} {center 12:ihs_fe2_S7} {space 1} {center 12:ihs_fe2_S8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2744}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2906}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2889}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2920}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2911}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2886}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2728}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_S1_L3_sd {c |}{res} {ralign 9:0.1661}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:0.1213}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1073}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1061}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1030}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1076}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.1061}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.0981}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.0838}{lalign 3:**}{txt} {space 1}
{res}{txt}ihs_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0257}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0088}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0675}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0247}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0857}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1795}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:-0.7683}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.4091}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4997}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4100}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5040}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4854}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3537}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.0454}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8877}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8860}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8859}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8885}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8840}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8839}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8849}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8840}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8839}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8867}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:7.3224}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.0842}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.8087}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.8300}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.2870}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6238}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9543}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.2193}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. 
.                 ************************
.                 *** 4 corners (C) ******
.                 ************************
.                 
.         ***************** OUTCOME Sales ****************************
. 
. 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_C`q'_L3_sd          log_C6_L3_sd                    if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_C`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      9.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8893
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8875
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1960
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7015

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2939159{col 26}{space 2} .0733025{col 37}{space 1}    4.01{col 46}{space 3}0.000{col 54}{space 4} .1466091{col 67}{space 3} .4412228
{txt}log_C1_L3_sd {c |}{col 14}{res}{space 2} .0506067{col 26}{space 2} .0316881{col 37}{space 1}    1.60{col 46}{space 3}0.117{col 54}{space 4}-.0130729{col 67}{space 3} .1142863
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1732706{col 26}{space 2} .0602302{col 37}{space 1}    2.88{col 46}{space 3}0.006{col 54}{space 4} .0522336{col 67}{space 3} .2943077
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2785935{col 26}{space 2} .1271358{col 37}{space 1}    2.19{col 46}{space 3}0.033{col 54}{space 4} .0231046{col 67}{space 3} .5340823
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     15.47
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8888
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8869
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1920
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7032

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2914872{col 26}{space 2} .0744825{col 37}{space 1}    3.91{col 46}{space 3}0.000{col 54}{space 4} .1418091{col 67}{space 3} .4411653
{txt}log_C2_L3_sd {c |}{col 14}{res}{space 2}  .024703{col 26}{space 2} .0467526{col 37}{space 1}    0.53{col 46}{space 3}0.600{col 54}{space 4}-.0692498{col 67}{space 3} .1186558
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1718342{col 26}{space 2} .0604969{col 37}{space 1}    2.84{col 46}{space 3}0.007{col 54}{space 4}  .050261{col 67}{space 3} .2934073
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3216148{col 26}{space 2}  .155991{col 37}{space 1}    2.06{col 46}{space 3}0.045{col 54}{space 4} .0081392{col 67}{space 3} .6350904
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.49
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8895
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8876
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1969
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7011

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2890906{col 26}{space 2} .0733005{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1417878{col 67}{space 3} .4363934
{txt}log_C3_L3_sd {c |}{col 14}{res}{space 2} .0598268{col 26}{space 2} .0462268{col 37}{space 1}    1.29{col 46}{space 3}0.202{col 54}{space 4}-.0330694{col 67}{space 3} .1527231
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1664759{col 26}{space 2} .0589426{col 37}{space 1}    2.82{col 46}{space 3}0.007{col 54}{space 4} .0480263{col 67}{space 3} .2849254
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2739212{col 26}{space 2} .1539272{col 37}{space 1}    1.78{col 46}{space 3}0.081{col 54}{space 4}-.0354071{col 67}{space 3} .5832495
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.01
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8888
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8870
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1924
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7031

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2912274{col 26}{space 2} .0743165{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} .1418828{col 67}{space 3} .4405719
{txt}log_C4_L3_sd {c |}{col 14}{res}{space 2} .0313807{col 26}{space 2} .0669197{col 37}{space 1}    0.47{col 46}{space 3}0.641{col 54}{space 4}-.1030996{col 67}{space 3} .1658609
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1722195{col 26}{space 2} .0608923{col 37}{space 1}    2.83{col 46}{space 3}0.007{col 54}{space 4} .0498519{col 67}{space 3} .2945872
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3178589{col 26}{space 2} .1493602{col 37}{space 1}    2.13{col 46}{space 3}0.038{col 54}{space 4} .0177083{col 67}{space 3} .6180094
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8888
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8870
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1923
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7031

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2878358{col 26}{space 2} .0751843{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .1367474{col 67}{space 3} .4389242
{txt}log_C5_L3_sd {c |}{col 14}{res}{space 2} .0366617{col 26}{space 2} .0615273{col 37}{space 1}    0.60{col 46}{space 3}0.554{col 54}{space 4} -.086982{col 67}{space 3} .1603053
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1717829{col 26}{space 2} .0623228{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0465406{col 67}{space 3} .2970252
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3338904{col 26}{space 2} .1128879{col 37}{space 1}    2.96{col 46}{space 3}0.005{col 54}{space 4} .1070337{col 67}{space 3} .5607471
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: log_C6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2914201{col 26}{space 2}  .074004{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1427036{col 67}{space 3} .4401367
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1742513{col 26}{space 2} .0613689{col 37}{space 1}    2.84{col 46}{space 3}0.007{col 54}{space 4} .0509258{col 67}{space 3} .2975768
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .3544054{col 26}{space 2}  .114904{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .1234971{col 67}{space 3} .5853137
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     15.05
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8905
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8886
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2043
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6978

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2866795{col 26}{space 2}  .073445{col 37}{space 1}    3.90{col 46}{space 3}0.000{col 54}{space 4} .1390862{col 67}{space 3} .4342727
{txt}log_C7_L3_sd {c |}{col 14}{res}{space 2} .0968859{col 26}{space 2} .0606827{col 37}{space 1}    1.60{col 46}{space 3}0.117{col 54}{space 4}-.0250605{col 67}{space 3} .2188323
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1620356{col 26}{space 2} .0625173{col 37}{space 1}    2.59{col 46}{space 3}0.013{col 54}{space 4} .0364024{col 67}{space 3} .2876687
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2460098{col 26}{space 2} .1269308{col 37}{space 1}    1.94{col 46}{space 3}0.058{col 54}{space 4}-.0090672{col 67}{space 3} .5010868
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: log_C8_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2914201{col 26}{space 2}  .074004{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1427036{col 67}{space 3} .4401367
{txt}log_C8_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
log_C6_L3_sd {c |}{col 14}{res}{space 2} .1742513{col 26}{space 2} .0613689{col 37}{space 1}    2.84{col 46}{space 3}0.007{col 54}{space 4} .0509258{col 67}{space 3} .2975768
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3544054{col 26}{space 2}  .114904{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .1234971{col 67}{space 3} .5853137
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_C`q'_L3_sd          ihs_C6_L3_sd                    if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_C`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.10
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8881
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8862
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1721
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2834847{col 26}{space 2} .0741189{col 37}{space 1}    3.82{col 46}{space 3}0.000{col 54}{space 4} .1345372{col 67}{space 3} .4324323
{txt}ihs_C1_L3_sd {c |}{col 14}{res}{space 2} .0487856{col 26}{space 2} .0303388{col 37}{space 1}    1.61{col 46}{space 3}0.114{col 54}{space 4}-.0121825{col 67}{space 3} .1097537
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1585705{col 26}{space 2} .0572408{col 37}{space 1}    2.77{col 46}{space 3}0.008{col 54}{space 4} .0435408{col 67}{space 3} .2736002
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3495888{col 26}{space 2} .1429114{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0623975{col 67}{space 3}   .63678
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     12.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8877
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8858
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1695
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7856

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2813684{col 26}{space 2} .0750757{col 37}{space 1}    3.75{col 46}{space 3}0.000{col 54}{space 4} .1304981{col 67}{space 3} .4322388
{txt}ihs_C2_L3_sd {c |}{col 14}{res}{space 2} .0350481{col 26}{space 2} .0459135{col 37}{space 1}    0.76{col 46}{space 3}0.449{col 54}{space 4}-.0572187{col 67}{space 3} .1273148
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1560185{col 26}{space 2} .0570331{col 37}{space 1}    2.74{col 46}{space 3}0.009{col 54}{space 4} .0414062{col 67}{space 3} .2706308
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3799456{col 26}{space 2} .1786362{col 37}{space 1}    2.13{col 46}{space 3}0.038{col 54}{space 4} .0209628{col 67}{space 3} .7389284
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8881
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8862
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1723
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7843

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2795311{col 26}{space 2} .0738236{col 37}{space 1}    3.79{col 46}{space 3}0.000{col 54}{space 4}  .131177{col 67}{space 3} .4278852
{txt}ihs_C3_L3_sd {c |}{col 14}{res}{space 2} .0544936{col 26}{space 2}  .045437{col 37}{space 1}    1.20{col 46}{space 3}0.236{col 54}{space 4}-.0368155{col 67}{space 3} .1458028
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1524407{col 26}{space 2} .0561005{col 37}{space 1}    2.72{col 46}{space 3}0.009{col 54}{space 4} .0397024{col 67}{space 3} .2651789
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .348187{col 26}{space 2} .1756331{col 37}{space 1}    1.98{col 46}{space 3}0.053{col 54}{space 4}-.0047609{col 67}{space 3} .7011348
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.48
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8875
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1678
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7864

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2815209{col 26}{space 2} .0749186{col 37}{space 1}    3.76{col 46}{space 3}0.000{col 54}{space 4} .1309663{col 67}{space 3} .4320755
{txt}ihs_C4_L3_sd {c |}{col 14}{res}{space 2} .0184357{col 26}{space 2} .0642092{col 37}{space 1}    0.29{col 46}{space 3}0.775{col 54}{space 4}-.1105975{col 67}{space 3}  .147469
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1577537{col 26}{space 2} .0580634{col 37}{space 1}    2.72{col 46}{space 3}0.009{col 54}{space 4} .0410709{col 67}{space 3} .2744365
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4095525{col 26}{space 2} .1699464{col 37}{space 1}    2.41{col 46}{space 3}0.020{col 54}{space 4} .0680325{col 67}{space 3} .7510726
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.40
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8876
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1688
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7859

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2780853{col 26}{space 2} .0753338{col 37}{space 1}    3.69{col 46}{space 3}0.001{col 54}{space 4} .1266963{col 67}{space 3} .4294744
{txt}ihs_C5_L3_sd {c |}{col 14}{res}{space 2} .0360525{col 26}{space 2} .0590539{col 37}{space 1}    0.61{col 46}{space 3}0.544{col 54}{space 4}-.0826208{col 67}{space 3} .1547258
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1568622{col 26}{space 2}  .058945{col 37}{space 1}    2.66{col 46}{space 3}0.010{col 54}{space 4} .0384078{col 67}{space 3} .2753166
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4104001{col 26}{space 2} .1272806{col 37}{space 1}    3.22{col 46}{space 3}0.002{col 54}{space 4} .1546203{col 67}{space 3}   .66618
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: ihs_C6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2814817{col 26}{space 2} .0746465{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1314739{col 67}{space 3} .4314894
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1588705{col 26}{space 2} .0582911{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .0417301{col 67}{space 3} .2760109
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .4349039{col 26}{space 2} .1277229{col 37}{space 1}    3.41{col 46}{space 3}0.001{col 54}{space 4} .1782352{col 67}{space 3} .6915726
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     15.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8894
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8876
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1821
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7796

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2772921{col 26}{space 2}  .073372{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .1298456{col 67}{space 3} .4247387
{txt}ihs_C7_L3_sd {c |}{col 14}{res}{space 2} .1015953{col 26}{space 2} .0611024{col 37}{space 1}    1.66{col 46}{space 3}0.103{col 54}{space 4}-.0211945{col 67}{space 3} .2243851
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1465218{col 26}{space 2} .0598832{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0261821{col 67}{space 3} .2668615
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3017221{col 26}{space 2} .1393845{col 37}{space 1}    2.16{col 46}{space 3}0.035{col 54}{space 4} .0216184{col 67}{space 3} .5818258
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: ihs_C8_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2814817{col 26}{space 2} .0746465{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1314739{col 67}{space 3} .4314894
{txt}ihs_C8_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1588705{col 26}{space 2} .0582911{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .0417301{col 67}{space 3} .2760109
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4349039{col 26}{space 2} .1277229{col 37}{space 1}    3.41{col 46}{space 3}0.001{col 54}{space 4} .1782352{col 67}{space 3} .6915726
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_C* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_C1} {space 1} {center 12:log_fe2_C2} {space 1} {center 12:log_fe2_C3} {space 1} {center 12:log_fe2_C4} {space 1} {center 12:log_fe2_C5} {space 1} {center 12:log_fe2_C6} {space 1} {center 12:log_fe2_C7} {space 1} {center 12:log_fe2_C8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2939}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2915}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2891}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2912}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2878}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2867}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}
{res}{txt}log_C1_L3_sd {c |}{res} {ralign 9:0.0506}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:0.1733}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1718}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1665}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1722}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1718}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1620}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}
{res}{txt}log_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0247}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0598}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0314}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0367}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0969}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.2786}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3216}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2739}{lalign 3:*}{txt} {space 1}{res} {ralign 9:0.3179}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3339}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2460}{lalign 3:*}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8893}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8888}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8895}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8888}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8888}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8905}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8875}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8876}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8886}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:9.3332}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.4660}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.4898}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.0132}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.5176}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.0454}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_C* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_C1} {space 1} {center 12:ihs_fe2_C2} {space 1} {center 12:ihs_fe2_C3} {space 1} {center 12:ihs_fe2_C4} {space 1} {center 12:ihs_fe2_C5} {space 1} {center 12:ihs_fe2_C6} {space 1} {center 12:ihs_fe2_C7} {space 1} {center 12:ihs_fe2_C8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2835}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2814}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2795}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2781}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2773}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_C1_L3_sd {c |}{res} {ralign 9:0.0488}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:0.1586}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1560}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1524}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1578}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1569}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1465}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0350}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0545}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0184}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0361}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1016}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3496}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3799}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3482}{lalign 3:*}{txt} {space 1}{res} {ralign 9:0.4096}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.4104}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3017}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8881}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8877}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8881}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8875}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8876}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8894}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8857}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8876}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:8.0972}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.9854}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.9542}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.4832}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.3972}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.3260}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. 
.                 ************************
.                 *** Beam (B) ***********
.                 ************************
.                 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_B`q'_L3_sd  log_B6_L3_sd                            if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_B`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8908
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8889
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2066
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6968

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2890431{col 26}{space 2} .0790711{col 37}{space 1}    3.66{col 46}{space 3}0.001{col 54}{space 4} .1301437{col 67}{space 3} .4479424
{txt}log_B1_L3_sd {c |}{col 14}{res}{space 2} .0451502{col 26}{space 2} .0297078{col 37}{space 1}    1.52{col 46}{space 3}0.135{col 54}{space 4}-.0145497{col 67}{space 3} .1048502
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1794209{col 26}{space 2} .0605552{col 37}{space 1}    2.96{col 46}{space 3}0.005{col 54}{space 4} .0577306{col 67}{space 3} .3011112
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3327722{col 26}{space 2} .1196533{col 37}{space 1}    2.78{col 46}{space 3}0.008{col 54}{space 4} .0923198{col 67}{space 3} .5732245
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.04
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8916
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8897
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2121
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6944

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2892414{col 26}{space 2} .0789586{col 37}{space 1}    3.66{col 46}{space 3}0.001{col 54}{space 4} .1305683{col 67}{space 3} .4479146
{txt}log_B2_L3_sd {c |}{col 14}{res}{space 2} .0736242{col 26}{space 2} .0561908{col 37}{space 1}    1.31{col 46}{space 3}0.196{col 54}{space 4}-.0392955{col 67}{space 3} .1865438
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1737257{col 26}{space 2} .0594062{col 37}{space 1}    2.92{col 46}{space 3}0.005{col 54}{space 4} .0543445{col 67}{space 3} .2931069
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .330033{col 26}{space 2} .1438276{col 37}{space 1}    2.29{col 46}{space 3}0.026{col 54}{space 4} .0410007{col 67}{space 3} .6190653
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      6.92
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0006
{txt}{col 51}R-squared{col 67}= {res}    0.8915
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8897
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2117
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6946

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2862778{col 26}{space 2} .0788416{col 37}{space 1}    3.63{col 46}{space 3}0.001{col 54}{space 4} .1278396{col 67}{space 3}  .444716
{txt}log_B3_L3_sd {c |}{col 14}{res}{space 2} .0767194{col 26}{space 2} .0478638{col 37}{space 1}    1.60{col 46}{space 3}0.115{col 54}{space 4}-.0194666{col 67}{space 3} .1729054
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1793105{col 26}{space 2} .0597057{col 37}{space 1}    3.00{col 46}{space 3}0.004{col 54}{space 4} .0593275{col 67}{space 3} .2992935
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3586444{col 26}{space 2} .1212397{col 37}{space 1}    2.96{col 46}{space 3}0.005{col 54}{space 4} .1150041{col 67}{space 3} .6022847
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8908
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8890
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2066
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6968

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2909948{col 26}{space 2} .0788074{col 37}{space 1}    3.69{col 46}{space 3}0.001{col 54}{space 4} .1326255{col 67}{space 3} .4493641
{txt}log_B4_L3_sd {c |}{col 14}{res}{space 2}-.0663954{col 26}{space 2} .0854286{col 37}{space 1}   -0.78{col 46}{space 3}0.441{col 54}{space 4}-.2380705{col 67}{space 3} .1052797
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1996552{col 26}{space 2} .0613376{col 37}{space 1}    3.26{col 46}{space 3}0.002{col 54}{space 4} .0763926{col 67}{space 3} .3229178
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4857254{col 26}{space 2} .1096587{col 37}{space 1}    4.43{col 46}{space 3}0.000{col 54}{space 4} .2653581{col 67}{space 3} .7060927
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8905
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8886
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2044
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6978

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2951561{col 26}{space 2} .0783012{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1378041{col 67}{space 3} .4525082
{txt}log_B5_L3_sd {c |}{col 14}{res}{space 2}-.0393858{col 26}{space 2} .0641991{col 37}{space 1}   -0.61{col 46}{space 3}0.542{col 54}{space 4}-.1683988{col 67}{space 3} .0896272
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1964382{col 26}{space 2} .0632629{col 37}{space 1}    3.11{col 46}{space 3}0.003{col 54}{space 4} .0693066{col 67}{space 3} .3235697
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4499551{col 26}{space 2} .0907067{col 37}{space 1}    4.96{col 46}{space 3}0.000{col 54}{space 4} .2676731{col 67}{space 3} .6322371
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: log_B6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.30
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8903
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8884
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2028
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6984

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2918767{col 26}{space 2} .0785436{col 37}{space 1}    3.72{col 46}{space 3}0.001{col 54}{space 4} .1340373{col 67}{space 3} .4497161
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2}  .188516{col 26}{space 2} .0609306{col 37}{space 1}    3.09{col 46}{space 3}0.003{col 54}{space 4} .0660714{col 67}{space 3} .3109607
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .4469048{col 26}{space 2} .0926902{col 37}{space 1}    4.82{col 46}{space 3}0.000{col 54}{space 4} .2606368{col 67}{space 3} .6331727
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      9.61
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8913
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8894
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2099
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6954

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2864614{col 26}{space 2} .0772756{col 37}{space 1}    3.71{col 46}{space 3}0.001{col 54}{space 4} .1311704{col 67}{space 3} .4417525
{txt}log_B7_L3_sd {c |}{col 14}{res}{space 2} .0703933{col 26}{space 2} .0407586{col 37}{space 1}    1.73{col 46}{space 3}0.090{col 54}{space 4}-.0115142{col 67}{space 3} .1523007
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1852051{col 26}{space 2} .0605061{col 37}{space 1}    3.06{col 46}{space 3}0.004{col 54}{space 4} .0636136{col 67}{space 3} .3067966
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3705591{col 26}{space 2} .0976035{col 37}{space 1}    3.80{col 46}{space 3}0.000{col 54}{space 4} .1744174{col 67}{space 3} .5667007
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     15.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8909
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8891
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2077
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6964

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2980044{col 26}{space 2} .0763141{col 37}{space 1}    3.90{col 46}{space 3}0.000{col 54}{space 4} .1446454{col 67}{space 3} .4513633
{txt}log_B8_L3_sd {c |}{col 14}{res}{space 2} .1504765{col 26}{space 2} .0720398{col 37}{space 1}    2.09{col 46}{space 3}0.042{col 54}{space 4} .0057071{col 67}{space 3}  .295246
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .1922563{col 26}{space 2} .0619749{col 37}{space 1}    3.10{col 46}{space 3}0.003{col 54}{space 4} .0677131{col 67}{space 3} .3167996
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.6426018{col 26}{space 2} .4943506{col 37}{space 1}   -1.30{col 46}{space 3}0.200{col 54}{space 4}-1.636037{col 67}{space 3} .3508329
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_B`q'_L3_sd  ihs_B6_L3_sd                            if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_B`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      6.93
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0006
{txt}{col 51}R-squared{col 67}= {res}    0.8898
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8880
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1851
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7782

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2796429{col 26}{space 2} .0801914{col 37}{space 1}    3.49{col 46}{space 3}0.001{col 54}{space 4} .1184923{col 67}{space 3} .4407935
{txt}ihs_B1_L3_sd {c |}{col 14}{res}{space 2} .0364364{col 26}{space 2} .0255741{col 37}{space 1}    1.42{col 46}{space 3}0.161{col 54}{space 4}-.0149567{col 67}{space 3} .0878296
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1740118{col 26}{space 2} .0581998{col 37}{space 1}    2.99{col 46}{space 3}0.004{col 54}{space 4}  .057055{col 67}{space 3} .2909686
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4133426{col 26}{space 2} .1318375{col 37}{space 1}    3.14{col 46}{space 3}0.003{col 54}{space 4} .1484053{col 67}{space 3} .6782799
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      6.49
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0009
{txt}{col 51}R-squared{col 67}= {res}    0.8907
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8889
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1917
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7750

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2787224{col 26}{space 2} .0799016{col 37}{space 1}    3.49{col 46}{space 3}0.001{col 54}{space 4}  .118154{col 67}{space 3} .4392907
{txt}ihs_B2_L3_sd {c |}{col 14}{res}{space 2} .0720526{col 26}{space 2} .0537018{col 37}{space 1}    1.34{col 46}{space 3}0.186{col 54}{space 4}-.0358652{col 67}{space 3} .1799705
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2}  .167018{col 26}{space 2} .0566003{col 37}{space 1}    2.95{col 46}{space 3}0.005{col 54}{space 4} .0532754{col 67}{space 3} .2807606
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3866509{col 26}{space 2} .1669382{col 37}{space 1}    2.32{col 46}{space 3}0.025{col 54}{space 4} .0511761{col 67}{space 3} .7221256
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      6.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0011
{txt}{col 51}R-squared{col 67}= {res}    0.8906
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8887
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1905
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7756

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2764722{col 26}{space 2} .0798901{col 37}{space 1}    3.46{col 46}{space 3}0.001{col 54}{space 4}  .115927{col 67}{space 3} .4370175
{txt}ihs_B3_L3_sd {c |}{col 14}{res}{space 2} .0711422{col 26}{space 2} .0458238{col 37}{space 1}    1.55{col 46}{space 3}0.127{col 54}{space 4}-.0209443{col 67}{space 3} .1632286
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1729046{col 26}{space 2} .0574163{col 37}{space 1}    3.01{col 46}{space 3}0.004{col 54}{space 4} .0575222{col 67}{space 3}  .288287
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4232453{col 26}{space 2} .1407794{col 37}{space 1}    3.01{col 46}{space 3}0.004{col 54}{space 4} .1403386{col 67}{space 3}  .706152
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      7.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8901
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8882
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1869
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7773

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2808202{col 26}{space 2} .0803252{col 37}{space 1}    3.50{col 46}{space 3}0.001{col 54}{space 4} .1194007{col 67}{space 3} .4422397
{txt}ihs_B4_L3_sd {c |}{col 14}{res}{space 2}-.0695122{col 26}{space 2} .0855566{col 37}{space 1}   -0.81{col 46}{space 3}0.420{col 54}{space 4}-.2414447{col 67}{space 3} .1024202
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1915693{col 26}{space 2}  .058928{col 37}{space 1}    3.25{col 46}{space 3}0.002{col 54}{space 4}  .073149{col 67}{space 3} .3099896
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5680221{col 26}{space 2} .1296572{col 37}{space 1}    4.38{col 46}{space 3}0.000{col 54}{space 4} .3074661{col 67}{space 3} .8285781
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      6.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8897
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8878
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1837
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7788

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2843626{col 26}{space 2}  .079644{col 37}{space 1}    3.57{col 46}{space 3}0.001{col 54}{space 4} .1243119{col 67}{space 3} .4444133
{txt}ihs_B5_L3_sd {c |}{col 14}{res}{space 2}-.0303986{col 26}{space 2} .0583821{col 37}{space 1}   -0.52{col 46}{space 3}0.605{col 54}{space 4}-.1477217{col 67}{space 3} .0869246
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2}  .186688{col 26}{space 2} .0607101{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .0646864{col 67}{space 3} .3086896
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5228223{col 26}{space 2} .1042368{col 37}{space 1}    5.02{col 46}{space 3}0.000{col 54}{space 4} .3133506{col 67}{space 3}  .732294
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: ihs_B6_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.36
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8895
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8877
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7792

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .281706{col 26}{space 2} .0799426{col 37}{space 1}    3.52{col 46}{space 3}0.001{col 54}{space 4} .1210553{col 67}{space 3} .4423567
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1807317{col 26}{space 2} .0586654{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .0628392{col 67}{space 3} .2986243
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .5195292{col 26}{space 2} .1058761{col 37}{space 1}    4.91{col 46}{space 3}0.000{col 54}{space 4} .3067631{col 67}{space 3} .7322952
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}      8.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8904
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8885
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1891
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7763

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2774283{col 26}{space 2} .0782783{col 37}{space 1}    3.54{col 46}{space 3}0.001{col 54}{space 4} .1201221{col 67}{space 3} .4347344
{txt}ihs_B7_L3_sd {c |}{col 14}{res}{space 2} .0665265{col 26}{space 2} .0371018{col 37}{space 1}    1.79{col 46}{space 3}0.079{col 54}{space 4}-.0080324{col 67}{space 3} .1410853
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1778112{col 26}{space 2} .0584088{col 37}{space 1}    3.04{col 46}{space 3}0.004{col 54}{space 4} .0604344{col 67}{space 3} .2951881
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4349094{col 26}{space 2} .1103683{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .2131161{col 67}{space 3} .6567028
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   3{txt},{res}     49{txt}){col 67}= {res}     14.87
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8901
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8883
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7772

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2877757{col 26}{space 2} .0776471{col 37}{space 1}    3.71{col 46}{space 3}0.001{col 54}{space 4} .1317381{col 67}{space 3} .4438134
{txt}ihs_B8_L3_sd {c |}{col 14}{res}{space 2} .1589899{col 26}{space 2} .0776587{col 37}{space 1}    2.05{col 46}{space 3}0.046{col 54}{space 4} .0029288{col 67}{space 3}  .315051
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .1842186{col 26}{space 2} .0595818{col 37}{space 1}    3.09{col 46}{space 3}0.003{col 54}{space 4} .0644846{col 67}{space 3} .3039526
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.7418218{col 26}{space 2} .5810907{col 37}{space 1}   -1.28{col 46}{space 3}0.208{col 54}{space 4}-1.909567{col 67}{space 3} .4259237
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                 ********************
.                 ** report results **
.                 ********************
.                 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_B* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_B1} {space 1} {center 12:log_fe2_B2} {space 1} {center 12:log_fe2_B3} {space 1} {center 12:log_fe2_B4} {space 1} {center 12:log_fe2_B5} {space 1} {center 12:log_fe2_B6} {space 1} {center 12:log_fe2_B7} {space 1} {center 12:log_fe2_B8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2890}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2892}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2863}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2910}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2952}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2919}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2865}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2980}{lalign 3:***}{txt} {space 1}
{res}{txt}log_B1_L3_sd {c |}{res} {ralign 9:0.0452}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:0.1794}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1737}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1793}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1997}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1964}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1885}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1852}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1923}{lalign 3:***}{txt} {space 1}
{res}{txt}log_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0736}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0767}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0664}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0394}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0704}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1505}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3328}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3300}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3586}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4857}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4500}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4469}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3706}{lalign 3:***}{txt} {space 1}{res} {ralign 9:-0.6426}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8908}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8916}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8915}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8908}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8905}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8903}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8913}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8909}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8889}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8897}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8897}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8890}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8886}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8884}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8894}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8891}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:7.8966}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.0397}{lalign 3:}{txt} {space 1}{res} {ralign 9:6.9155}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.6218}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.0589}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.2960}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.6088}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.5152}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_B* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_B1} {space 1} {center 12:ihs_fe2_B2} {space 1} {center 12:ihs_fe2_B3} {space 1} {center 12:ihs_fe2_B4} {space 1} {center 12:ihs_fe2_B5} {space 1} {center 12:ihs_fe2_B6} {space 1} {center 12:ihs_fe2_B7} {space 1} {center 12:ihs_fe2_B8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2796}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2787}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2765}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2808}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2844}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2817}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2774}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2878}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_B1_L3_sd {c |}{res} {ralign 9:0.0364}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:0.1740}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1670}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1729}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1916}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1867}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1807}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1778}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.1842}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0721}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0711}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0695}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0304}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0665}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1590}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4133}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3867}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.4232}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5680}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5228}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5195}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:-0.7418}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8898}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8907}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8906}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8901}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8897}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8895}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8904}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8901}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8880}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8889}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8882}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8878}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8877}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8885}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8883}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:6.9263}{lalign 3:}{txt} {space 1}{res} {ralign 9:6.4912}{lalign 3:}{txt} {space 1}{res} {ralign 9:6.2659}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.2728}{lalign 3:}{txt} {space 1}{res} {ralign 9:6.3676}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.3594}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.8050}{lalign 3:}{txt} {space 1}{res} {ralign 9:14.8744}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 134:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. log close 
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\Wmat_SCB_overlap_0102\spatial_6_regs_s_0102_overlap.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}15 Feb 2023, 13:26:49
{txt}{.-}
{smcl}
{txt}{sf}{ul off}